In July, One for the World hired its first full time member of staff, following a generous grant from the Open Philanthropy Project and a private donor, on the recommendation of GiveWell. I posted about that on the EA forum here. We just posted an update on our website about our growth in the first 6 months since our first hire, from July-Dec 2018.
The headline figures from this report are copied below:
- The ‘annual donations in the pipeline’ recruited so far this academic year is up ~500% relative to the same time last year ($404k vs $70k). However, ~40% of the new dollars recruited will only become active after 1-3 years, which presents challenges in limiting donor churn. Taking this delay and historical rates of churn into account, we estimate that the expected present discounted value of these pledges is about $1.1m. - We think that this step change in growth is a direct result of increasing our capacity by hiring Evan in July 2018, which has allowed us to expand the number of chapters we have, improve chapter management and focus on improving OFTW’s donation infrastructure. - Our members have donated ~$110k to our charities in the first half of the year (July—Dec 2018), compared to ~$67k in the same period last year (July—Dec 2017).
We think this strong growth in pledged donations is a direct result of hiring full time staff, and are now looking to transition from our current volunteer leadership team to one or more full time founding executive directors to help scale the organisation. We’re looking for people interested in taking on this project on a full time basis, and taking OFTW to the next level. If this interests you, please check out more details of what we’re looking for here.
One for the World: update after 6 months of our first staff member
Link post
In July, One for the World hired its first full time member of staff, following a generous grant from the Open Philanthropy Project and a private donor, on the recommendation of GiveWell. I posted about that on the EA forum here. We just posted an update on our website about our growth in the first 6 months since our first hire, from July-Dec 2018.
The headline figures from this report are copied below:
- The ‘annual donations in the pipeline’ recruited so far this academic year is up ~500% relative to the same time last year ($404k vs $70k). However, ~40% of the new dollars recruited will only become active after 1-3 years, which presents challenges in limiting donor churn. Taking this delay and historical rates of churn into account, we estimate that the expected present discounted value of these pledges is about $1.1m.
- We think that this step change in growth is a direct result of increasing our capacity by hiring Evan in July 2018, which has allowed us to expand the number of chapters we have, improve chapter management and focus on improving OFTW’s donation infrastructure.
- Our members have donated ~$110k to our charities in the first half of the year (July—Dec 2018), compared to ~$67k in the same period last year (July—Dec 2017).
We think this strong growth in pledged donations is a direct result of hiring full time staff, and are now looking to transition from our current volunteer leadership team to one or more full time founding executive directors to help scale the organisation. We’re looking for people interested in taking on this project on a full time basis, and taking OFTW to the next level. If this interests you, please check out more details of what we’re looking for here.